24
be done at any tim e, or to increase his rate
fro m 5 p er cen t to h is fix e d rate .which
can only be done during the first two
y ears im m e d ia te ly fo llo w in g th e date of
his o rig in a l m em b ersh ip in th e system ,
w ritte n n o tice m u st be g iv e n b y th e e m
p lo y e to th e P u b lic E m p lo y e s R e tire m e n t
B o a rd an d to th e e m p lo y e ’s em p lo y er not
less th a n 30 days b e fo re th e new electio n
is to be e ffe c tiv e . T h e e ffe c tiv e date o f
s u ch ch an g e s h a ll be th e fir s t d a y o f th e
re g u la r p a y p erio d n e x t fo llo w in g su ch
e le ctio n .
O regon
an
bank
Rule N o. 14
A m em b er m a y n o t w ith d ra w his n et
co n trib u tio n s to th e p u b lic em p lo yes re-
ire m e n t fu n d in lie u of a p ension unless
he has n o t co n trib u te d to th e retire m en t
fu n d in e ach o f ten fis c a l years an d has
te rm in a ted his p u b lic serv ice and re q u e st
ed a re fu n d o f co n trib u tio n s p rio r to r e a c h
in g h is e arlie st re tire m e n t age or unless
his to ta l re tire m e n t a llo w a n ce u p on sep
a ra tio n at c o m p u lso ry re tire m e n t age or
th e re a fte r, as co m p u ted b y th e retire m en t
board in acco rd a n ce w ith th e u n m o d ifie d
or n o n o p tio n a l p la n is less th a n $5 per
m o n th . O n an d a fte r J u l y 1, 1951, th e e a r
lie st serv ice re tire m e n t age is age 60 (po
lice o ffice rs and fir e m e n , age 55; ce rtifie d
te a ch e rs, age 50).
OREGON
Complete banking fa c ilitie s ...
prompt, courteous service . . . at
any branch of The United States
Rational Bank.
Rule N o . 15
A m em b er w ho leav es th e serv ice o f a ll
p a r tic ip a tin g em p lo yers an d w ho w ith d raw s
the am o u n t sta n d in g to h is cre d it fo rfe its
a ll his rig h ts , in c lu d in g p rio r serv ice rig h ts.
S u c h a p erson w ho re-e n te rs th e service
o f a n y p a r tic ip a tin g e m p lo y er w ith in fiv e
y ea rs o f th e date o f h is p re v io u s te r m in a
tion m a y re p a y th e am o u n t p re v io u sly
w ith d ra w n at a n y tim e d u rin g th e six
m o n th s im m e d ia te ly fo llo w in g th e date o f
his r e -e m p lo y m e n t, an d th e e ffe c tiv e date
o f th e re in sta te m e n t o f his m em b ersh ip
at h is fo rm e r rate o f co n trib u tio n sh a ll
be th e fir s t d a y o f th e p a y p eriod fo llo w
in g th e date o f re p a y m e n t o f th e am o u n t
w ith d ra w n . T h e r e a fte r em p lo y e and e m
p lo y e r co n trib u tio n s to th e retire m en t fu n d
are re q u ire d and a ll rig h ts in th e system
w h ich w ere fo r fe ite d b y th e w ith d ra w a l
s h a ll be restored .
Rule N o. 16
In ord er to re ce iv e retire m en t b e n efits
e ach m em b er o f th e system sh a ll fu rn ish
to th e re tire m e n t b o ard rea so n ab ly sa tis
fa c to r y e v id en ce as to his or h er date of
b irth .
In ord er fo r a b e n e fic ia r y to rece ive
b e n efits u n d e r op tion N o . 2 or N o . 3 such
b e n e fic ia r y s h a ll fu r n is h to the retire m en t
b o ard re a so n a b ly s a tis fa c to ry evid en ce as
to his or h er date o f b irth .
• Checking accounts
• Savings accounts
• Bank-by-mail service
• Loans of all kinds
• Bank Money Orders
• G ift checks; personalized
checks; tra v e le rs checks
• fv e ry banking need
Special
Checking Accounts
• No m inim um balance.
• N o m onthly service
charge.
O n ly $1.00 fo r a book of
10 checks.
© A n y amount opens a
Special C heck in g A ccou n t.
o
R u le N o . 17
R e tire m e n t b e n efits s h a ll be p ay a b le in
e q u a l m o n th ly p ay m e n ts as o f th e la st d a y
o f e ach m o n th .
A m e m b e r’s retire m en t a llo w an ce sh a ll
a ccru e fro m th e e ffe c tiv e date o f his r e
tire m e n t. S h o u ld he die d u rin g a calen d ar
m o n th fo r w h ic h he w o u ld h a v e rece ive d
a serv ice or d is a b ility retire m en t allow-«
ance had he liv e d th a t en tire m onth, and
a fte r th e fir s t p a y m e n t w as n o rm a lly due,
b e n efits co m p u ted to th e date o f his d eath
on th e basis o f th ir ty days co n stitu tin g a
m o n th s h a ll be p a y a b le as fo llo w s;
5%
U N IT E D STATES
NATIONAL BANK
L 'X
*
3 8 BR A N C H E S I N '‘Ò R E G O N
Member Federal Deposit
Insurance Corporation